IEA report forecasts soaring Chinese oil importsInternational Energy Agency says economic growth has outstripped energy resources; meeting energy needs will be one of most difficult challenges Andreas Evagora Associated Press Writer
China’s long-term level of oil imports will outstrip by three times the country’s own forecast, the International Energy Agency said March 20. The figures suggest that China will become a far more influential player in the global oil market, and in the oil-rich Middle East, the agency said.
“China’....
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China already world’s second largest energy consumer Increasing dependency on Middle East China has invested in Iraq
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